If you are not sure you have enough cash on hand, work with your lender to confirm you will look good to the bank before the bank reviews your application.Your Debt-to-Income RatioAlso on the topic of money: the bank will look at how much money you bring in, and compare that to the amount of debt you currently carry.

You need somebody in Austin to be your eyes to describe condition of properties and neighborhoods, provide comparable sales and rental analysis.More importantly, you should put your thinking cap on and strategize a bit.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

There's a lot of education and work to be successful on the commercial side of the real estate brokerage business, but compared next to being a doctor or attorney or even a microbiologist, the amount of hours in a classroom (and dollars of tuition) are exponentially smaller!  

Now that you've run the numbers for individual properties, I am very curious to know how the numbers compare when you run it like a 6-plex.

I think thats a great idea to hold the lower interest rate because with the time now of high interest rates and these don't even compare to years ago a 1.5 percent increase may cost a couple hundred bucks a month.

I have read J Scotts introduction to estimating ARV and understand you need to look at comps and use the method where you compare similar properties.

Comparable vacation rentals in this area in summer fetch $500+/week. 

Comparable rents are $3,500-$4,000Do I short-term (Airbnb) due to my close proximity to year round destinations like Disneyland, Beaches, SoCal?

@Jaysen Medhurst How do HELOC rates compare to a commercial or conventional rates?